The classic loser from an unanticipated inflation is
A) the borrower who pays less nominal interest than expected.
B) the borrower who pays more nominal interest than expected.
C) the saver who earns less real interest than expected.
D) the saver who earns more real interest than expected, and so should have saved more.
C
Economics
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Which of the following statements is true?
A) Firms normally prefer wage cuts over lay-offs. B) Cuts in wages boost worker morale. C) Workers normally resist increases in wages. D) Wage rigidity can cause unemployment.
Economics
Refer to Table 9-6. What is the value of $D in Stage 4 (round up to the nearest whole number)?
A) $82 B) $102 C) $12 D) $160
Economics